User Account

All Pages

What amount should the company report for inventory

Assignment Help Accounting Basics
Reference no: EM133030570

Question - A company determined the following values for its inventory as of the end of its fiscal year:

Historical cost $50,000

Current replacement cost 35,000

Net realizable value 45,000

Net realizable value less a normal profit margin 40,000

Fair value 48,000

Required - What amount should the company report for inventory on its balance sheet?

Reference no: EM133030570

Questions Cloud

What must the employer prove to successfully defend itself : What must a prospective employee prove to make a prima facie case against the employer for ADVERSE IMPACT?
Compute the firm price-earning ratio : The company's share price is $12.33, and the company has 320,420 shares outstanding. Compute the firm's price-earning ratio up to two decimal places
Provide evidence to support argument : Next, provide your own opinion regarding which of the 4 views are most supported by the makers of this film, and provide evidence to support your argument.
Prepare an absorption-costing income statement : During 2020, Rafael Corp. produced 55,000 units and sold 49,500 for $17 per unit. Prepare an absorption-costing income statement
What amount should the company report for inventory : A company determined the following values for its inventory as of the end of its fiscal year: What amount should the company report for inventory
Five components of the total rewards model : Describe the five components of the Total Rewards Model?
Learn in strategic human resource management : What are the realization and your insight about Strategic Human Resource Management?
Discuss the pros and cons of three of the approaches : Discuss the pros and cons of three of the approaches to dealing with a labour surplus from both the organization and employee perspectives.
Critical thinking questions-best employers : Earls Restaurants Ltd. Was included in the listing of Canada's Best Employers in 2017. What led to this honour? Some of the reasons were as follows:

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd